Global electronic skin market is anticipated to grow with an exquisite CAGR in the forecast period, 2023-2027, on the account of its advantages properties like self-healing and flexibility. Moreover, the artificial skin/ electric skin has the similar capabilities as human skin, it has varied application in the health monitoring technologies.
Also, the increasing number of new products launches as well as the rising FDA approvals are boosting the growth of the future five years, global electronic skin market. Wearable electronic devices with skin like properties provide a platform for real-time and continuous monitoring of human physiological signals such as temperature, tissue pressure, electrolyte balance, disease-related biomarker, and body motion. The market is expected to see many innovations in self-healing electronic skin, lightning electronic skin, and sweating electronic skin.
Furthermore, research and development in finding more viable options of electronic skin is carried out. South Korean research team has recently developed a multitasking electronic skin that acts like human skin and can sense temperature, pressure, and sound simultaneously.
Further research areas include imitating olfactory, palate senses, and tactile sensing that will boost the market growth. Also, the use of electronic skin in artificial prosthetics, biomedical, and robotic devices
The global electronic skin market is segmented by product, component, sensor type, application, distribution channel, competitional landscape, and regional distribution. Based on product, the market is further bifurcated into electronic skin patches and electronic skin suits. Electronic skin patches are anticipated to hold the largest revenue shares of the market and assert its dominance over the segment on the account of surge in demand.
Skin grafting for a patch or multiple patches is more convenient and often has multiple demand. Whereas electronic skin suits are only utilized in the case of complete skin replacement and not just grafting. Electronic skin patch technology keeps patients out of the hospitals, while still maintaining close contact with doctors. These electronic patches are used in diabetes self-monitoring, motion sensing, remote patient monitoring- both inpatient and outpatient, & temperature sensing.
Although, electronic skin suits sub-segments are expected to grow rapidly and register the fastest growing CAGR on the account of advantages like highly convenient and effective solution for patient monitoring if its action is based on feedback temperature and pressure coming from the body.
Holding the major shares of the market are Koninklijke Philips N.V., Insulet Corporation, Dexcom, Inc., Abbott Laboratories, Inc., 3M Company, Dialog Semiconductor PLC, VivaLnk, Inc., MC10, Inc., Xenoma, Inc., GENTAG, Inc., Chrono Therapeutics, Inc., Plastic Electronics GmbH, iRhythm Technologies, Inc., Xsensio SA, Byteflies & Quad Industries, among others.
Market players are actively involved in the research and technological development in the product manufacturing. The advanced technology has made it possible for the healthcare industry to monitor the patient health via electronic skin.
Further advancement would aid the market value and brand establishment in the future five years.
Objective of the Study
- To analyze the historical growth of the market size of global electronic skin market from 2017 to 2020.
- To estimate and forecast the market size of global electronic skin market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global electronic skin market based on product, component, sensor type, application, distribution channel, competitional landscape, and regional distribution.
- To identify dominant region or segment in the global electronic skin market.
- To identify drivers and challenges for global electronic skin market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global electronic skin market.
- To identify and analyze the profile of leading players operating in global electronic skin market.
- To identify key sustainable strategies adopted by market players in global electronic skin market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global electronic skin market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience
- Manufacturers, end users, service providers and other stakeholders
- Distributers and suppliers of products and other stakeholders
- Organizations, forums, and alliances related to electronic skin market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | - Product
- Component
- Sensor Type
- Application
- Distribution Channel
|
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; |
| Key Companies Profiled | Koninklijke Philips N.V., Insulet Corporation, Dexcom, Inc., Abbott Laboratories, Inc., 3M Company, Dialog Semiconductor PLC, VivaLnk, Inc., MC10, Inc., Xenoma, Inc., GENTAG, Inc., Chrono Therapeutics, Inc., Plastic Electronics GmbH, iRhythm Technologies, Inc., Xsensio SA, Byteflies & Quad Industries. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
